It’s been quite a roller coaster ride for Bret Taylor over the last year. In one week last December, he was named board chair at Twitter and co-CEO at Salesforce. One year later, he doesn’t have either job. Taylor lost the job as Twitter board chair when Elon Musk took over last month. Today, he stepped down as co-CEO at Salesforce in a stunning announcement that appeared to come out of the blue.
“After a lot of reflection, I’ve decided to return to my entrepreneurial roots. Salesforce has never been more relevant to customers, and with its best-in-class management team and the company executing on all cylinders, now is the right time for me to step away,” Taylor said in a statement announcing his resignation.
Taylor, who helped guide the $27 billion Slack acquisition in 2020, appeared to be in line to take over whenever company founder and CEO Marc Benioff decided to step down. Now he has stepped away, and it’s not clear what has changed.
He joined the company in 2016 when Salesforce acquired his previous company Quip for $750 million. He quickly rose through the ranks and was most recently president and chief operating officer prior to the promotion last year.
More to come; this is a breaking story…
Bret Taylor steps down as co-chair and CEO of Salesforce by Ron Miller originally published on TechCrunch